|
STATEMENTS OF INCOME (UNAUDITED) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2012
|
Sep. 30, 2011
|
Sep. 30, 2012
|
Sep. 30, 2011
|
|
| STATEMENTS OF INCOME (UNAUDITED) [Abstract] | ||||
| Operating revenues | $ 471,889 | $ 522,921 | $ 1,192,578 | $ 1,337,419 |
| Operating expenses | ||||
| Electric fuel and purchased power | 259,783 | 325,930 | 676,079 | 850,583 |
| Operating and maintenance expenses | 60,676 | 61,651 | 185,961 | 187,136 |
| Demand side management program expenses | 3,129 | 4,658 | 9,366 | 12,469 |
| Depreciation and amortization | 28,690 | 27,067 | 84,785 | 79,589 |
| Taxes (other than income taxes) | 12,102 | 10,730 | 35,142 | 31,825 |
| Total operating expenses | 364,380 | 430,036 | 991,333 | 1,161,602 |
| Operating income | 107,509 | 92,885 | 201,245 | 175,817 |
| Other (expense) income, net | (73) | 286 | (53) | 432 |
| Allowance for funds used during construction - equity | 1,670 | 894 | 5,062 | 4,178 |
| Interest charges and financing costs | ||||
| Interest charges - includes other financing costs of $721, $763, $2,243 and $2,188, respectively | 17,649 | 16,456 | 51,290 | 48,322 |
| Allowance for funds used during construction - debt | (1,052) | (655) | (3,208) | (3,022) |
| Total interest charges and financing costs | 16,597 | 15,801 | 48,082 | 45,300 |
| Income before income taxes | 92,509 | 78,264 | 158,172 | 135,127 |
| Income taxes | 34,262 | 29,683 | 58,271 | 51,636 |
| Net income | $ 58,247 | $ 48,581 | $ 99,901 | $ 83,491 |